Pepe Pumps 77%, Records ATH After Coinbase and Robinhood Listings – More Gains Incoming?

Coinbase and Robinhood List Pepe, Sending Its Price Soaring

Pepe, the popular meme token, has seen its value surge by 77% in the past 24 hours following listings on Coinbase and Robinhood. The exchange listings have sparked a wave of on-chain purchases, indicating long-term bullish sentiment for Pepe.

Pepe Hits All-Time High After Exchange Listings

The recent Pepe listings underscore the ongoing importance of centralized exchanges (CEXs) in the cryptocurrency market, particularly during bull runs. Pepe is currently trading at an all-time high of $0.00002374, with a market capitalization of nearly $10 billion.

The frog-themed token has gained 125% this week and 1,955% this year. Its trading volume has also skyrocketed, jumping 197% to $19.8 billion in the past 24 hours, making it the fifth most-traded cryptocurrency.

Coinbase announced the Pepe listing on Wednesday, and the token went live hours later. The listing announcement advised users to send Pepe only via the Ethereum network.

Robinhood, a popular financial services platform, also listed Pepe on Wednesday, along with Cardano and Solana. However, the impact on their prices has been less significant.

Whales Accumulate Pepe On-Chain

Analysts believe the Pepe price rally is poised to continue. Blockchain analyst OnchainLens highlighted a whale who purchased over $17 million worth of Pepe in a single hour.

Meanwhile, trader Max Schwartzman emphasized the potential long-term impact of the Coinbase listing, noting that Shiba Inu surged 864% in the month following its listing.

Coinbase boasts 105 million users, while Robinhood has 24 million. These listings provide retail investors with a gateway to buy Pepe, which is expected to increase liquidity significantly in the coming weeks.

Centralized exchanges are embracing meme coins, which are generally favored by retail traders, in anticipation of the bull market. Another meme coin set to launch on major exchanges is Pepe Unchained.

Pepe Unchained Presale Sets Record

Pepe Unchained is the most successful meme coin presale to date, having raised $28.8 million to build a Pepe-themed blockchain. The blockchain is nearly complete, and the token will soon be listed on exchanges. Investors can still purchase $PEPU at a fixed presale rate.

The team has confirmed that $PEPU will be listed on tier-1 exchanges, but the specific platforms have not been disclosed.

Pepe Unchained's Ethereum layer 2 blockchain offers low-cost and fast transactions as an alternative to the Ethereum main network. It will also feature staking, a user-friendly meme coin launcher, and other capabilities.

Analysts predict significant gains for Pepe Unchained due to its viral branding and the growing meme coin market. The project's launch is expected within the next 29 days, so investors should act swiftly.